Global Military Power Solutions Industry was valued at USD 5.83 Billion in the year 2017. Global Military Power Solutions Industry is further estimated to grow at a CAGR of 9.1% from 2019 to reach USD 11.68 Billion by the year 2025. North America region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecast period. At a country level, U.S is projected to grow strongly in the coming years.
Major market players in Military Power Solutions Industry are SFC Energy AG, Denchi Power Ltd., Enersys, Eaglepicher Technologies, Raytheon Company, Saft, Advanced Conversion, Technology Inc., Energy Technologies, Inc., Arotech Corporation, Concorde Battery Corporation and overview of 10 companies is also provided in the report. Rising research and development expenses to cater changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Military Power Solutions Industry:
Development in Modern Warfare Systems
Changing Military Regulations in different regions
High-Efficiency Material Reshaping the Thermoelectric Generators Industry
Underdeveloped Nuclear Power Technologies
The major shares of the Industry come from the Land segment, by platform in Global Military Power Solutions Industry. On the other hand, Medium power, by power for this Industry is expected to grow at highest CAGR during years 2018-2025.
Military Power Solutions Industry Segmentation:
• High Power
• Medium Power
• Low Power
• Solar Power
• Batteries Engine
• Energy Harvesters
• Fuel Cells
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa